Top Real Estate Companies by Net Margin
Trailing-twelve-month net margin for the largest Real Estate filers, ranked in USD. Switch axes via the column headers.
How TTM margins are measured
Margins divide a profitability line by trailing-twelve-month revenue, expressed as a percentage. Each column on this page measures a different layer of the income statement — gross strips only direct production costs; operating subtracts overhead, R&D and D&A; EBITDA adds D&A back to operating; net subtracts interest and taxes; FCF replaces accrual profit with operating cash flow minus capex. Together they describe where a business actually makes its money.
Margins make capital-light franchises directly comparable to capital-heavy ones — a software filer with a 35% operating margin runs a different model than a global retailer at 6%. To compare absolute scale instead of percentages see the revenue ranking and net income ranking. Non-USD filers are ranked on USD-translated TTM lines so peers stay comparable. Rankings USD translation methodology · IFRS IAS 21 (official)
Calculated from each company's four most recent reported quarters, as of (reported ).
Sector scopeReal EstateChange sectorChange sector
Top real estate companies by net margin
Click a column header to re-order rows. Company names link to each ticker's profile page.
| # | |||||||
|---|---|---|---|---|---|---|---|
| 1 | Simon Property Group (SPG) | Real Estate | 85.7% | 49.9% | 119.4% | 72.5% | 50.8% |
| 2 | VICI Properties (VICI) | Real Estate | 99.3% | 91.1% | 91.2% | 69.1% | 62.5% |
| 3 | Prologis (PLD) | Real Estate | 43.4% | 38.9% | 86.2% | 41.5% | 56.0% |
| 4 | Public Storage (PSA) | Real Estate | 60.6% | 50.8% | 66.3% | 39.2% | 63.5% |
| 5 | SBA Communications (SBAC) | Real Estate | 63.5% | 48.0% | 74.1% | 37.4% | 37.9% |
| 6 | Regency Centers (REG) | Real Estate | 60.5% | 54.0% | 63.8% | 37.4% | 41.6% |
| 7 | AvalonBay Communities (AVB) | Real Estate | 67.9% | 29.2% | 65.0% | 37.3% | 49.3% |
| 8 | Federal Realty Investment Trust (FRT) | Real Estate | 52.0% | 42.0% | 76.1% | 32.1% | 41.3% |
| 9 | Equity Residential (EQR) | Real Estate | 52.2% | 42.4% | 81.2% | 30.6% | 41.3% |
| 10 | Extra Space Storage (EXR) | Real Estate | 10.2% | 43.3% | 85.7% | 27.8% | 54.4% |
| 11 | Kimco Realty (KIM) | Real Estate | 54.7% | 35.2% | 71.4% | 27.3% | 36.1% |
| 12 | American Tower (AMT) | Real Estate | 73.4% | 44.2% | 62.0% | 26.6% | 34.9% |
| 13 | Crown Castle (CCI) | Real Estate | 65.7% | 48.0% | 64.3% | 25.1% | 64.7% |
| 14 | Camden Property Trust (CPT) | Real Estate | 61.4% | 18.4% | 73.0% | 24.4% | 52.5% |
| 15 | Essex Property Trust (ESS) | Real Estate | 69.4% | 38.4% | 75.7% | 24.3% | 51.0% |
| 16 | UDR (UDR) | Real Estate | 37.4% | 21.1% | 60.1% | 22.1% | 52.7% |
| 17 | Invitation Homes (INVH) | Real Estate | 45.9% | 35.8% | 59.9% | 21.5% | 42.0% |
| 18 | Digital Realty Trust (DLR) | Real Estate | 25.1% | 14.6% | 61.2% | 21.5% | 3.6% |
| 19 | Mid-America Apartment Communities (MAA) | Real Estate | 31.8% | 28.0% | 59.7% | 20.2% | 32.5% |
| 20 | Realty Income (O) | Real Estate | 89.8% | 28.3% | 71.2% | 18.4% | 67.2% |
| 21 | Equinix (EQIX) | Real Estate | 51.2% | 20.0% | 45.2% | 14.6% | 16.1% |
| 22 | Arbor Realty Trust (ABR) | Real Estate | 92.1% | 71.1% | 86.7% | 14.0% | 35.1% |
| 23 | Host Hotels & Resorts (HST) | Real Estate | 39.7% | 14.0% | 30.2% | 12.5% | 14.1% |
| 24 | Welltower (WELL) | Real Estate | 39.2% | 3.3% | 21.7% | 8.8% | 26.7% |
| 25 | BXP (BXP) | Real Estate | 60.6% | 42.3% | 55.7% | 8.0% | 19.8% |
| 26 | Weyerhaeuser (WY) | Real Estate | 13.6% | 6.7% | 15.0% | 4.7% | 7.9% |
| 27 | Ventas (VTR) | Real Estate | -5.9% | 14.2% | 38.4% | 4.3% | 22.6% |
| 28 | CBRE Group (CBRE) | Real Estate | 35.0% | 3.8% | 6.4% | 3.1% | 2.1% |
| 29 | Healthpeak Properties (DOC) | Real Estate | 22.5% | 19.3% | 56.8% | 2.5% | 41.5% |
| 30 | Iron Mountain (IRM) | Real Estate | 55.4% | 16.9% | 31.9% | 2.1% | -13.5% |
| 31 | CoStar Group (CSGP) | Real Estate | 77.6% | -2.2% | 6.2% | 0.2% | 3.6% |
| 32 | Alexandria Real Estate Equities (ARE) | Real Estate | 68.2% | -42.8% | 14.0% | -35.3% | 48.4% |
Sorted by Net Margin · Ranks (#) are among the loaded leaderboard rows, not worldwide.